18 July 2001
Inquiries: Mr Jari Harjunpää +358 9 1734 3472, Ms
Sonja Kuusisto +358 9 1734 3469, thi.tilastokeskus@stat.fi
Director in charge: Mr Jarmo Hyrkkö
Export prices fell by 0.7 per cent in June
According to Statistics Finland, export prices went down by 0.7 per cent from May to June. The fall was mainly due to lower prices of oil products and pulp. The fall of the index was curbed by higher prices of paper and paperboard, timber and wood products. Export prices rose by 1.3 per cent from June 2000.
Import prices went up by 0.4 per cent from May to June. The highest increases occurred in prices of oil products and agricultural products. From last year's June import prices rose by 1.2 per cent. The rise was primarily attributable to higher prices of energy minerals, oil products and vehicles. The rise of the index was restrained by lower prices of electrical products, optical instruments and base metals.
The producer prices for manufactured products, that is, prices for good intended for the domestic market went down a little from May, by 0.1 per cent. Within the index, prices of pulp and oil products fell most while prices of electricity rose. From June last year the producer prices for manufactured products went up by 2.4 per cent. The rise was due to higher prices of energy products and consumer durables and other consumer goods.
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Month-on-month and year-on-year changes of Producer Price Indices in June 2001, % (1995=100) |
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|
Indices |
Point figure |
Change, % |
Change, % |
|
Producer price index for manufactured products |
107.5 |
-0.1 |
2.4 |
|
Export price index |
101.9 |
-0.7 |
1.3 |
|
Import price index |
110.7 |
0.4 |
1.2 |
|
Basic price index for domestic supply |
109.0 |
0.1 |
2.2 |
|
Wholesale price index |
109.1 |
0.1 |
1.9 |
Producer price indices measure the development of commodity prices from enterprises' viewpoint. The basic price index for domestic supply measures the development of prices exclusive of tax of goods used in Finland as they enter the market. The wholesale price index describes the change in the purchase prices of goods used in Finland inclusive of tax. Both these indices contain domestic and imported goods.
The HWWA Index, used to measure the dollar-based world market prices of raw materials, went down by 1.1 per cent from May to June. The index fell by 6.1 per cent from June 2000. Despite the fall of the overall index, the world market price of coal rose by 17.5 per cent from last year's June.
Source: Producer Price Indices 2001, June. Statistics Finland